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European regulators approve Amgen cancer drug Kyprolis

By   /  Thursday, November 19th, 2015  /  Health Care & Life Science, Latest news, Technology  /  Comments Off on European regulators approve Amgen cancer drug Kyprolis

Thousand Oaks-based Amgen scored another major victory Nov. 19. European regulators approved experimental drug Kyprolis on Thursday for patients who have received at least one prior treatment for multiple-myeloma. Kyprolis was the cornerstone of Amgen’s $10.4 billion buyout of Onyx Pharmaceuticals in 2013. Multiple-myeloma is a form of blood cancer that forms in plasma cells Read More →

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Semtech third quarter earnings per share miss estimate

By   /  Thursday, November 19th, 2015  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Semtech third quarter earnings per share miss estimate

Semtech, a Camarillo-based maker of semiconductors for cell phones and electronic devices, missed analyst estimates slightly when the company reported third quarter results Nov. 18. Semtech reported earnings per share of 16 cents. Analysts had expected earnings per share of 24 cents. Semtech slightly exceeded analyst revenue estimates of $115.4 million by posting earnings of Read More →

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French Hospital Medical Center unveils educational facility

By   /  Tuesday, November 17th, 2015  /  Central Coast, Health Care & Life Science, Latest news, Top Stories  /  Comments Off on French Hospital Medical Center unveils educational facility

  French Hospital Medical Center has taken the wraps off an 18,000-square-foot health and education facility it hopes will forge closer ties between the hospital and higher education in San Luis Obispo. With about 200 business and community leaders standing by, CEO Alan Iftinik unveiled the Copeland Health Education Pavilion. Iftinik said the building, which Read More →

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Citrix to layoff 1,000 employees, spin off GoToMeeting

By   /  Tuesday, November 17th, 2015  /  Latest news, South Coast, Top Stories  /  1 Comment

Citrix Systems Inc., the cloud-services company, is planning to cut about 1,000 jobs and spin off its Goleta-based GoToMeeting division rather than sell the online meeting organizer, it announced Nov. 17. Activist investor Elliott Management Corp. has been calling for change at the software firm. Citrix also noted that it would restructure its labor force, Read More →

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Goleta-based Sientra’s third quarter revenues down

By   /  Monday, November 16th, 2015  /  Earnings, Health Care & Life Science, Latest news, Tri-County Public Companies  /  Comments Off on Goleta-based Sientra’s third quarter revenues down

Sientra Inc. sales were down 6.9 percent in the third quarter of 2015 but the results were largely unaffected by recent pandemonium at the company. The Goleta-based company reported third quarter results on Nov. 16 for the quarter that ended on Sept. 30, just one week after European regulators pulled products made by Sientra’s Brazilian Read More →

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Regulators order Plains to purge Line 903 of corrosive crude

By   /  Friday, November 13th, 2015  /  Energy, Latest news, Top Stories  /  1 Comment

Regulators have ordered Plains All American Pipeline to empty corrosive crude oil that’s been sitting in Line 903 since it was partially shut down in late May. The U.S. Department of Transportation’s Pipeline and Hazardous Materials and Safety Administration issued on Nov. 13 an amendment to the original corrective action order requiring that Plains purges Read More →

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Update: Albertsons, Sprouts taking over Haggen stores in Tri-Counties

By   /  Friday, November 13th, 2015  /  Latest news, Real Estate, Top Stories  /  Comments Off on Update: Albertsons, Sprouts taking over Haggen stores in Tri-Counties

This Haggen store in Santa Barbara is among 23 that are closing in the Tri-Counties.

Roxy’s Market’s bid for 2010 Cliff Drive in Santa Barbara may not come to fruition. Co-owner Mike Lawler successfully bid $75,000 for the rights to the soon-to-be-vacant Haggen store on the Mesa, but the landlord told him on Nov. 17 that he is looking for a larger national chain. Roxy’s has two smaller stores in Read More →